DalsnaFinance › IPOs › Cardinal Infrastructure Group Inc › IPO
Cardinal Infrastructure Group Inc. completed its initial public offering on NASDAQ on December 10, 2025, pricing at $21.00 a share.
| Ticker | CDNL |
|---|---|
| Exchange | NASDAQ |
| Status | Completed |
| Listing date | December 10, 2025 |
| Offering price | $21.00 |
| Shares offered | 11,500,000 |
| Total raised | $242M |
Cardinal Infrastructure Group Inc. sold 11,500,000 shares at $21.00 each on NASDAQ. Multiplied out, that is $241.5 million in gross proceeds, the figure before underwriting discounts and offering expenses, and it agrees with the $242 million total recorded for the deal.
Measured by money raised, Cardinal Infrastructure Group Inc. was the 136th largest of 473 completed IPOs with a recorded deal size that this site tracks since October 5, 2024. The median deal in the same window raised $200 million.
Among the 342 listings on NASDAQ alone, it is the 85th largest.
December 2025 saw 34 completed IPOs in the site's data; by amount raised, Cardinal Infrastructure Group Inc. was the 9th largest of the 34 deals with a recorded size.
Its $21.00 offer price was tied for the 53rd highest (level with 8 other listings) of the 479 listings in the window with a recorded price. A share price on its own says nothing about a company's value; it depends on how many shares exist.
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Source: SEC EDGAR filings for Cardinal Infrastructure Group Inc.. This page is general information, not investment advice.